All the headlines from our Reinsurance Topic Page, ordered by recency.
Mar 30 2015 // Cooper Gay Swett & Crawford (CGSC) announced the appointment of Ulisses Soares as Chief Executive Officer for the Latin America region, effective immediately. He “will lead all of CGSC’s business in Latin...
Mar 27 2015 // In what counts as excellent news both for Florida taxpayers and the private insurance market, Gov. Rick Scott and the State Board of Administration have approved a request from the Florida Hurricane Catastrophe Fund to...
Mar 26 2015 // Independent reinsurance broker Holborn Corp. announced that Michael S. Joyce has joined the firm as a senior vice president in its Minneapolis office.His areas of expertise in reinsurance include workers’...
Mar 24 2015 // IRB Brasil RE plans to grow more aggressively in Latin America and Africa as part of an expansion that may require Brazil’s largest reinsurer to seek an initial public offering or tap an outside partner before 2018,...
Mar 23 2015 // An insurance empire that included two insurance carriers, two offshore reinsurers, several buildings and other insurers’ investments was built by a private equity firm in part on questionable assets and is now being...
Mar 20 2015 // BlackRock Inc., the world’s largest money manager, and Evan Greenberg’s ACE Ltd. are forming a reinsurance venture that is seeking to raise $800 million to $1.3 billion.The business is named ABR Reinsurance...
Mar 20 2015 // A.M. Best has affirmed the financial strength rating (FSR) of A- (Excellent) and the issuer credit rating (ICR) of “a-” of Third Point Reinsurance Company Ltd. (TPRCL) (Bermuda) and Third Point Reinsurance...
Mar 17 2015 // Merger and acquisition activity in the property/casualty industry is increasing in deal value and will likely expand from reinsurers to primary carriers, according to two new industry reports.Deloitte said that the average...
Mar 16 2015 // The re/insurance industry has answered the call presented by the UN’s Disaster Risk Reduction initiative, as industry representatives gathered with others to attend the 3rd UN World Conference on Disaster Risk...
Mar 13 2015 // Indonesia’s Islamic insurance industry is expanding three times as fast as Malaysia’s, prompting American International Group Inc. and Sun Life Financial Inc. to seek a broader presence in the nation.AIG is...
Mar 12 2015 // SCOR announced it has made two underwriting appointments at its SCOR Global P&C unit.First, it appointed Umberto Gavazzi as chief underwriting officer for the Worldwide Treaty P&C operations of SCOR Global P&C,...
Mar 12 2015 // China’s new solvency regime will encourage direct insurers to revise their reinsurance programs, or panel of insurers, in order to better manage their solvency requirement arising from reinsurance credit risk,...
Mar 11 2015 // As rapid economic development, population growth and urbanization lead to increased insurance penetration, Asia Pacific represents a key area of growth in the global marketplace, according to a report published by Aon...
Mar 11 2015 // Munich Re, the world’s biggest reinsurer, will continue buying back shares as declining prices and lower investment income undermine earnings.Munich Re plans to repurchase an additional €1 billion ($1.056 billion)...
Mar 10 2015 // Advocate Reinsurance Partners LLC, a privately owned reinsurance intermediary firm based in Dallas, announced the appointments of Daniel Bilot and Jon Knutzen as partners in the firm’s new Minneapolis/St. Paul,...
Mar 10 2015 // Hannover Re, the world’s third-biggest reinsurer, plans to pay a special dividend after fourth-quarter profit rose more than analysts estimated, helped by low catastrophe claims. The shares climbed.Net income rose to...
Mar 9 2015 // The Economist’s Insurance 2015 Conference, which took place on Tuesday, March 15, at the ornate Clothworkers Hall in London, featured a panel that expressed the views of insurers, brokers and their clients in a...
Mar 6 2015 // Sompo Japan Nipponkoa Holdings Inc. will buy a 15 percent stake in French reinsurer SCOR SE in potentially its biggest investment abroad amid diminishing opportunities for growth at home.The insurer will initially buy 7.8...
Mar 5 2015 // Sandell Asset Management Corp., the activist hedge-fund firm run by Tom Sandell, started a Bermuda-based reinsurer to support its investing strategy.Sandell Re will rely on the hedge fund to oversee the reinsurer’s...
Mar 4 2015 // Carrier Management Special ReportWarren Buffett’s insurance beginnings and predictions; breaking out the insurance and reinsurance results; the growth and expectations for Berkshire Hathaway Specialty Insurance;...